Investment, Financial Planning, Mutual Fund & Income Tax Queries

Can hybrid aggressive funds invest in large, mid and small cap stocks

Under SEBI's new categorisation of MF schemes, "Aggressive Hybrid" scheme need to have investments in equity from minimum 65% to maximum 80%. Within this band of 65% to 80%, can such schemes invest in equities of Large, Mid and Small cap funds, as may be decided by the Fund Manager or there is some SEBI rule to govern these underlying equity investments?

Jul 27, 2019 by Pravin Jain, Mumbai  |   Mutual Fund
Yes, you are right, Aggressive Hybrid Funds can invest 65% to 80% in equities and 20% to 35% in debt instruments. These funds were earlier known as Balanced Funds and you can read our blog on... Read More
Is it possible to check rolling return versus category returns of multiple funds at a time

It is possible to check Rolling Returns vs Category for multiple funds at a time, within the category. How does one check Rolling Returns vs. Benchmark for multiple funds at a time, in a category? It currently provides for checking Rolling Returns vs. Benchmark for only one fund at a time. Is there a work around to do this for multiple funds at a time?

Jul 26, 2019 by Joel A Peres,   |   Mutual Fund
Please note that it is possible to see multiple funds at a time within the same category. Though by default we are showing the result of one fund only but you can add more fund by using the +add another fund... Read More
Which Sundaram Mutual Fund scheme would be good for SWP for me

Which of the Sundaram Mutual Funds would be good for SWP for me. I am a senior citizen?

Jul 25, 2019 by Rabindra Chandra Bhattachara, Kolkata  |   Mutual Fund
Sundaram Equity Hybrid Fund could be a good choice for you as you are looking to invest for the purpose of SWP while not taking much risk. Equity Hybrid funds were earlier known as Balanced Funds. These... Read More
Is ABSL Tax Relief 96 a good ELSS Mutual Fund

I had Purchased SIP for tax saving and long terms benefits Aditya Birla Sun Relief 96. It is better decision on my side please guided me I am beginner in this filed?

Jul 24, 2019 by Sandeep Tiwari,   |   Mutual Fund
Great to hear that even though you are a beginner in mutual funds you could select a good ELSS fund and started investing in it for long term benefits. Not only your investment decision is good, you have also... Read More
Where can I get a calculator for wedding planning

Your list of calculators is really impressive. However, one calculator that conspicuous by absence is Wedding Planner calculator. Please incorporate this as well?

Jul 23, 2019 by Himanshu Maheshwari,   |   Financial Planning
Thanks for your kind words and suggestions. We will surely add one Wedding Planning Calculator soon in our list of calculators. However, you can use this tool - Goal Setting Calculator... Read More
Which debt mutual fund can be a good alternative to savings bank account

I have a query related to lump sum investment in debt funds. Per many articles by investment experts, it appears that liquid or money market funds are one of the best alternatives to invest your extra money when compared to savings bank account to get higher returns. With that thought in mind, I am thinking to use the debt fund way to invest 5 lacs for a tenure of 6 months to 1 year, the duration could be even longer as well. Below is my strategy - 2 lacs in Money Market Fund or Liquid Fund (ABSL Money Manager Growth or Reliance Liquid Fund) 1.5 lacs in Medium to Long duration Debt Fund (Reliance Income Growth Plan) 1.5 lacs in Gilt or Corporate bond Fund (SBI Magnum Gilt Fund) Rather than keeping the entire 5 lacs in a liquid fund, would it be wise to use the above strategy to diverse my investment? Please advise?

Jul 22, 2019 by Mrinmoy Bhattacharya, Bangalore  |   Mutual Fund
You have read it right - Liquid and/or Money market mutual funds are good alternative for parking your investible surpluses in place of savings bank account. You can add Arbitrage Funds and Overnight Funds... Read More
How much monthly income can I expect from HDFC Balanced Advantage Fund

If I invest 15 lakh one time in HDFC Balance Advance Fund what will be my monthly income in the form of monthly dividend at present? Will this income vary every month? Does it give a minimum assured dividend every month? I like to have monthly income from such investment?

Jul 21, 2019 by Sukumar Sarkar, Durgapur  |   Mutual Fund
Please note that HDFC Balanced Advantage Fund is a dynamic asset allocation funds and ideal for investors with moderate risk taking appetite and also for those who are looking for regular income in the long run... Read More
Where can I park my money for 10 months

I decided to sell my 2nd apartment at Rs 70 Lacks. I want to utilize this money after 10 months for buying another property. Please suggest a proper fund where I can get at least 8.5-9% return without any major market fluctuation?

Jul 20, 2019 by Amit Chakraborty,   |   Financial Planning
For very short term needs (in your case, around 10 months) you may park your money in Arbitrage Funds or Liquid Funds. However, your return expectation of 8.5-9% is quite high from this investment. You... Read More
Should I start STP from Arbitrage mutual funds after one year

Investing lumpsum in liquid fund and doing STP (immediately) in to an equity fund - is it profitable, as every STP incurs Short term capital gains. Is it better to do lumpsum in Arbitrage fund and start STP after 1 year?

Jul 19, 2019 by Anand, Bangalore  |   Mutual Fund
Yes, you are right! The profit made from liquid funds (within 3 years from the date of investment) is taxable and will be treated as short term capital gains. The gains will be added to your income and taxed at the tax... Read More
Have I invested in the right mutual funds for the next 10 years

I wanted to know that I have started investing 10000 monthly SIP In Canara Robeco Emerging, L&T Emerging, HDFC Small Cap and in SBI Hybrid Funds. Also additionally investing 4200 monthly in ELSS funds in ABSL. The tenure period I have kept for SIP is 10 years. Please let me know whether these funds are okay and I would be getting good returns in future 10 years?

Jul 17, 2019 by Ankit Malpani,   |   Mutual Fund
You have invested in a mix of good large & mid cap, hybrid aggressive, mid cap, small cap and ELSS Funds. The selection of funds is good and well diversified across sectors and market caps and suitable for... Read More
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